【苍南县】Digital Economy, Developed in China, shared by the world

     The digital economy refers to an economy which information and communication technologies are used to transform traditional economic activities, products, and services into digital form. Technologies that back the development of the digital economy mainly include big data, cloud computing, the Internet of Things, artificial intelligence, 5G communications, and so on. These technologies mentioned above can be called by a joint name, “digital technology”.

     There is no doubt that in today’s times, the digital technology is leading a better and smart life. We are living in a time of exciting digital technological innovations. Nowadays, almost every aspect of people’s lives is inseparable from digital technology, including education, health, information services, entertainment, finance, and e-commerce. For example, online or mobile payments, dominated by Tencent’s WeChat and Alibaba’s Alipay, which save on transaction costs, improve the efficiency of the financial system and changed our payment habits. In addition, digital technology has played a pivotal role in the prevention and control of the Covid-19 pandemic, such as the use of health code, helped in work resumption and restoration of economic and social development. The latest advances in digital technology and related innovations are empowering the development of the digital economy.

     China’s digital economy has become one of the dominant economic forces after years of rapid development. China’s large domestic market offers powerful scale advantages that enable the rapid commercialization of digital technologies, which is not only reshaping the Chinese economy but also creating business opportunities for other countries all over the world. The digital economy has become a key area of international collaboration, and China seeks greater international cooperation in digital technology. Potential industries for foreign investment include software development, information technology support management, and so on. Doors are always open for foreign investors in the research and exploration of digital technologies to add to China’s digital economy.

     As digital technology is being fully integrated into the production and life of humankind, China is stepping up efforts to improve its digital governance to create better lives for all. For instance, Chinese government and entrepreneurs each play their roles in contributing to the digital economy. The Chinese government’s various five-year plans set an overall industry direction or areas the government is investing in with a purpose to spur broad sectors like financial technology, smart logistics, 5G, and so on. At the same time, the private sector understands best the real commercial needs of businesses and ultimately drives their business growth. China's achievements in digital economy construction have been recognized and shared by the world.

本文转自：温州新闻网 66wz.com